@bitcoinnotcrypto I've just uploaded a new video, where I explain inflation from a bitcoin perspective. I would love, if you would give some feedback on it. Marry Christmas :)
Part of The reasons gold standard failed were it limits your economy. Also if you have a trade deficit other countries can hoard your currency then trade it in for your gold supply. And it caused deflation because ppl hoard it expecting it to constantly go up in value.
Would you not work more and harder if you were paid in bitcoin? 🤔 If you could get paid in a better form of money, it should make it more atractive to work and earn money. Would you be more motivated to work harder, if you were paid in the Zimbabwean dollar, because it's a worse form of money? I really don't get your argument 🤔😅
JVC: bitcoin must be converted to Usd to put a value in it. Example from 10$ to 100k$ is a 10000x increase. That is only captured when changed into usd. Part1
@@robynandruski5971 First of all... Who taught you math 😅 10$ going to 100$ is only 10X (or 900% increase). And no... Bitcoins value is not dependant on the existence of the dollar or any other fiat currency. You could exhange BTC to any good or service, as long as people are willing to be payed in BTC. Yes, fiat currencies are in most cases currently used as a medium of exchange between BTC and goods and services... But so are your labor, your stocks and everything else you own. Are you really saying stuff only have value because it can be converted to USD?
JVC: 1. Originally you paid $10 for one bitcoin. That was paid with 10 USD (earned by working) 2. Your coin contributed nothing in the ten years for the economy) 3. The labour market worked for those same ten years and thru GDP made America 100k in goods and services) 4. Now you take your one bitcoin that did not grow GDP and replace those manhours with your 10$ bitcoin that now removes real assets such as a house from America’s inventory. Forcing other young people to work 10000 more man hours to build a replacement house for the the one you bought for 10$..
@@robynandruski5971 In order to buy a house with the bitcoins that initially was worth 10$, some other actor in the economy has to value your bitcoins more than the value of the house. If you sell your bitcoin for a house, then you've essentially added value to the economy. Remember value i subjective. Every transaction is a win win situation at the moment it happens. The guy buying the house values the house more than the bitcoins, and the seller values the bitcoins more than the house. Both individuals leaves the trade with more value than they started with. This is how value is created through the free marked, because every voluntary transaction leads to a net-gain in value for both individuals.
If the labour based unit ie the USD which equates to the value on our everyday assets(cars. food homes) So if you replace useful assets by Bitcoin then 10000x inflation result
@@robynandruski5971 Inflation of what? Inflation of prices of goods and services? And measured in BTC or USD? I have a really hard time understanding your argument 🤔 Please walk me through it step by step as if I was a child.
Because at some point you want to buy something - and if not, the wealth will be spend by the people who inherit your Bitcoin. It's just a way of maintaining your wealth, time and energy, instead of storing it in fiat money or assets with many single points of failure and counterparty risks.
JVC: All of us work harder when paid more, sure. But removing trillions from the working economy destroys the working economy. I can see your point though $$
Xdog : If you are putting up Bitcoin as an asset how can you say it’s deflationary? If you think it’s an asset and has done 10000x it us inflationary. Explain how deflation
So the house seller had you cash your one bitcoin first into usd cash. You did not buy the house directly with cash Your 10$ investment to buy the coin sat for 12 years contributing nothing to the economy or the GDP Then you replaced it with 100k$ worth of manpower taking that house off the market with your 10$ contribution to the real economy Forcing the next young person to work for the next $100k of manpower to match what you essentially Paris 10$ of real YS dollars. The rest is air money. If anything you’ve taken away 100k$ of GDP labour for your real investment if only 10$
Hey everyone! I've just uploaded a new version of this clip without the annoying background music... 😅
@@JCV123 thanks dude!
@@bitcoinnotcrypto No problem, thanks for the feedback 🙏
Good lord thank you. Turn down the background music 90%.
@@user-yq1rc6or9x Yeah, its pretty bad, I know 😂
Maller is a fucking boss.
@@darkcoldwater8179 Yeah! He is really brilliant at communicating the essence and core principles of bitcoin 🙏
I've just uploaded a clip of Mallers destroying Peter Schiff in a debate 🙏
It's too bad you edited loud music over this. I would love to share this but that ruins it tbh
Yeah.. I was also kinda hesitant about the background music 😅 Would you like me to upload a separate clip without music?
Yes! It is already hard enough for boomers to understand
@JCV123 up to you. If you did I would share with a few people I've been orange pilling 🙂
Yes, please upload a new version. The music is fine but just make it more in the background
@bitcoinnotcrypto I've just uploaded a new video, where I explain inflation from a bitcoin perspective. I would love, if you would give some feedback on it. Marry Christmas :)
Part of The reasons gold standard failed were it limits your economy. Also if you have a trade deficit other countries can hoard your currency then trade it in for your gold supply. And it caused deflation because ppl hoard it expecting it to constantly go up in value.
Bitcoin is the new form of printing
money. The USA was built on the value of labour. Bitcoin dilutes
labour based $ (adds to inflation)
How does bitcoin add to inflation? 🤔
Would you not work more and harder if you were paid in bitcoin? 🤔 If you could get paid in a better form of money, it should make it more atractive to work and earn money. Would you be more motivated to work harder, if you were paid in the Zimbabwean dollar, because it's a worse form of money? I really don't get your argument 🤔😅
Not a bad video but I can still hear him talking. Can you make the music a bit louder next time.
😂😂😂😂 Just uploaded a new version without the music 😅
@JCV123 sweet I will watch and share it
JVC: bitcoin must be converted to
Usd to put a value in it. Example
from 10$ to 100k$ is a 10000x increase. That is only captured when changed into usd. Part1
@@robynandruski5971 First of all... Who taught you math 😅 10$ going to 100$ is only 10X (or 900% increase). And no... Bitcoins value is not dependant on the existence of the dollar or any other fiat currency. You could exhange BTC to any good or service, as long as people are willing to be payed in BTC. Yes, fiat currencies are in most cases currently used as a medium of exchange between BTC and goods and services... But so are your labor, your stocks and everything else you own. Are you really saying stuff only have value because it can be converted to USD?
JVC: 1. Originally you paid $10 for one bitcoin. That was paid with 10
USD (earned by working)
2. Your coin contributed nothing in the ten years for the economy)
3. The labour market worked for those same ten years and thru GDP
made America 100k in goods and services) 4. Now you take your one bitcoin that did not grow GDP and
replace those manhours with your
10$ bitcoin that now removes real assets such as a house from America’s inventory. Forcing other young people to work 10000 more man hours to build a replacement house for the the one you bought for 10$..
@@robynandruski5971 In order to buy a house with the bitcoins that initially was worth 10$, some other actor in the economy has to value your bitcoins more than the value of the house. If you sell your bitcoin for a house, then you've essentially added value to the economy. Remember value i subjective. Every transaction is a win win situation at the moment it happens. The guy buying the house values the house more than the bitcoins, and the seller values the bitcoins more than the house. Both individuals leaves the trade with more value than they started with. This is how value is created through the free marked, because every voluntary transaction leads to a net-gain in value for both individuals.
If the labour based unit ie the USD
which equates to the value on our
everyday assets(cars. food homes)
So if you replace useful assets by
Bitcoin then 10000x inflation result
@@robynandruski5971 Inflation of what? Inflation of prices of goods and services? And measured in BTC or USD? I have a really hard time understanding your argument 🤔 Please walk me through it step by step as if I was a child.
Read all 4 points to get the picture, thanks...
Why are you making a new comment every time you want to reply? Please keep the discussion in one thread.
JVC : I posted Bitcoin went from 10$ to 100k$ which is 10000x
Maybe your cell read me incorrectly.
Bitcoin is a deflationary currency. If I am rich why would I ever do anything but sit on bitcoin and get richer....
yeah, that's ideal, how many generations can keep it the same? 2-3?
Because at some point you want to buy something - and if not, the wealth will be spend by the people who inherit your Bitcoin. It's just a way of maintaining your wealth, time and energy, instead of storing it in fiat money or assets with many single points of failure and counterparty risks.
@@sweatnosweat Do some research on economies that go into deflation. It might be worse than inflation...
@@JCV123 Do some research on economies that go into deflation. It might be worse than inflation...
@@xdognatex9897Do some research? Would be better if you could argue for your position 😊
JVC: All of us work harder when paid more, sure. But removing trillions from the working economy
destroys the working economy.
I can see your point though $$
@@robynandruski5971 What do you mean by "removing trillons of dollars from the working economy"? Take me through it step by step 😅
Xdog : If you are putting up Bitcoin
as an asset how can you say it’s deflationary? If you think it’s an asset and has done 10000x it us inflationary. Explain how deflation
So the house seller had you cash your one bitcoin first into usd cash.
You did not buy the house directly with cash
Your 10$ investment to buy the coin sat for 12 years contributing nothing to the economy or the GDP
Then you replaced it with 100k$ worth of manpower taking that house off the market with your 10$ contribution to the real economy Forcing the next young person to work for the next $100k of manpower to match what you essentially Paris 10$ of real YS dollars. The rest is air money.
If anything you’ve taken away
100k$ of GDP labour for your real investment if only 10$
Good god this music is awful. Who taught you to edit a clip with music so loud bro..? 😅
😂😂😂 Yeaah... I get it... it's really bad... Just uploaded a new version without the music 😅
Music...fail.
You are right 😂 Just uploaded a new version without the music 😅
he has a cold sore on his lip
Yeah I've noticed that too 😅